Ingram Micro (NYSE:INGM) Given New $28.00 Price Target at Royal Bank of Canada

Ingram Micro (NYSE:INGM) had its target price increased by Royal Bank of Canada from $26.00 to $28.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Stifel Nicolaus began coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on Ingram Micro in a research note on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price target on the stock. Raymond James initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective for the company. Melius initiated coverage on Ingram Micro in a report on Tuesday, November 26th. They set a “hold” rating and a $26.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.14.

Ingram Micro Price Performance

Shares of INGM opened at $23.29 on Friday. Ingram Micro has a 52-week low of $18.90 and a 52-week high of $25.69. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $21.77.

Institutional Investors Weigh In On Ingram Micro

Several institutional investors have recently bought and sold shares of INGM. Wells Fargo & Company MN bought a new stake in Ingram Micro during the fourth quarter worth $45,000. Cohen & Steers Inc. purchased a new position in Ingram Micro in the fourth quarter worth $48,000. Tower Research Capital LLC TRC purchased a new position in Ingram Micro in the fourth quarter worth $52,000. Cubist Systematic Strategies LLC purchased a new position in Ingram Micro in the fourth quarter worth $80,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Ingram Micro in the fourth quarter worth $118,000.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.